Traders Cooperative

[gtober]

My current thinking on CREE. Jim has a low coming in the next few days. I am planning on riding the markets to the next high and then shorting CREE. (likely I will buy puts)

FWIW, I want this to be a long term trade. A couple months. I think it's got $20 in it if the markets cooperate. Wouldn't be surprised to see it in the mid-50s first though.

I am also looking at others, like AAPL and ISRG, but those option premiums are crazy. Might just do DIA. I just want a stock that has a lot of movement in it. No critique on the companies whatsoever.